Expert Economist Mr. Siddharth Shankar Comments On The Latest Food Inflation Numbers (6th January 2011)
Online, January 7, 2011 (Newswire.com) - "The inflation number that has come today is very disturbing. I had expected the inflation to show a rise by April 2011 but it seems that it is already going out of control. Looking at the world scenario I am of the view that food prices will continue to rise and for a country like India it is disastrous. If we are under the impression that RBI will be able to control inflation based on monetary policies, we are mistaken. It is the government that has to take steps and steps must be taken immediately. To my mind agriculture, environment must take precedence over industry because with a 120 crore population if India does not have enough to eat, no industry can run and we can forget about 8% growth rate of GDP. To my mind, Government should target 6% GDP growth and push structural reforms in education and agriculture.
The fall in the non-food inflation number is also temporary, with the hot money still coming to India, the number is bound to rise again. I expect the fuel inflation to move up in the coming year and that will also put pressure on overall inflation numbers.
In the coming months I expect the government borrowing to go up that will further fuel inflation."- Mr. Siddharth Shankar.
Mr. Siddharth Shankar is a leading Economist & Financial Expert. He is associated with KASSA group since its incorporation under various capacities as a Director, shareholder and consultant. An expert in the field of Macro-Economics, Mr. Siddharth Shankar has established himself as a mastermind in tackling financial hurdles for his clients. His has more than a decade's expertise in structuring financial products for companies to cover their financial risks that were generated due to their international exposure to money and commodity markets. He has been involved with the marketing systems of Google, Yahoo and other global search engine giants to achieve maximum effectiveness of their campaigns. His expertise also lies in Product Conceptualization and Web- based marketing of Products.
Being a thought leader in the field of Macroeconomics he can provide a detailed analysis on the subject for your esteemed publication.
For your reference appended is a brief profile of KASSA India.
KASSA INDIA
Kassa group of companies is a Delhi based Financial Services Organization and apart from other associated companies consists of the following:
• Kassa Finvest Private Limited
• Kassa Holdings & Consultants Pvt. Ltd.
• Kassa Financial Advisors Pvt. Ltd.
Kassa Finvest Private Limited is active in capital market, derivatives market, research, internet trading & providing platform to professional traders. It is a member of National Stock Exchange of India, OTC Exchange, Derivatives Exchange, Interconnected Stock Exchange in the & Currency Exchange in the Year 2008.
Kassa Holdings & Consultants Pvt. Ltd. is active in spot and derivatives market of the commodities market and provides research, commodity trading, internet trading and providing platform to professional traders. Kassa Holdings is a member of the Multi Commodity Exchange.
Kassa Financial Advisors Pvt. Ltd. is active in distribution of selected IPO's, mutual fund & Research.
Kassa has pan-India presence and is a growing network. The Company believes in people power and their technical strength has been at the core of adding value to the company's growth. Not only do the people of Kassa stand out because of their technical brilliance, but they also deal with projects and problems with maturity, stability and commitment to the organization. Management of Kassa consists of highly qualified professionals from various disciplines.
A strong research team of competent and experienced professionals work continuously to pick up the best investment opportunities for the company's valuable customers. The activities of the group also provide the synergy for optimizing the growth of business by adding greater value to our clients' business.